Analysis of Aerosun (300696) Strong Performance and Sustainability

1. Driver Analysis
   : The strong performance of Aerosun is mainly due to the
   overall prosperity of the aerospace and defense industry
   . According to a report by Blockchain News on December 31, 2025, the industry experienced explosive growth throughout the year due to factors such as increased government defense spending and the advancement of space exploration programs. Some satellite stocks rose by more than 200%, and Aerosun, as an aerospace manufacturing enterprise, directly benefited from the industry’s boom [1]. The auxiliary driver is the
   recent financial improvement of the company
   : In Q3 2025, it achieved revenue of $121.88M and EPS of $0.12, turning profitable for two consecutive quarters and reversing the loss situation in 2024 [0].
2. Volume-Price and Technical Aspects
   : On December 31, 2025, Aerosun rose by 10.53% in a single day, closing at $31.91 [0]; the increase in the past month was 25.24%, and the full-year increase in 2025 was 117.22%, far exceeding the market average [0]. The trading volume on that day was 47.32M, which was more than three times the average trading volume of the previous 8 trading days (about 13.7M), indicating a significant influx of funds [0]. In terms of technical indicators, MACD shows a bullish signal, KDJ is short-term bearish but the overall trend is upward, and RSI has an overbought risk [0]; the resistance level is $34.31 (the highest price on December 31, 2025), and the support level is $28.04 (the closing price on December 26, 2025) [0].
3. Fundamental Support
   : The company’s return to profitability provides fundamental support for the short-term uptrend, but the quality of earnings still needs to be improved—ROE is only 2.18%, with low profit efficiency; EV/OCF is negative, with high cash flow pressure [0]; PE TTM reaches 231.27x, far higher than the industry average, highlighting the risk of valuation bubble [0].

1. Industry Sentiment Driven
   : Although the company’s finances have improved, the serious mismatch between valuation and profit efficiency indicates that the current uptrend is more driven by the sentiment of the overall industry prosperity rather than the fundamental improvement of the company’s own profitability [0][1].
2. Contradiction in Volume-Price Signals
   : The significant increase in trading volume shows market enthusiasm, but technical signals such as overbought RSI and short-term bearish KDJ indicate a high risk of short-term correction [0].
3. Impact of Industry Prosperity Sustainability
   : Aerosun’s subsequent performance will highly depend on the sustainability of the aerospace and defense industry’s prosperity. If there are changes in industry policies or market demand, the stock may face large fluctuations [1].

• Opportunities
  : The sustained prosperity of the aerospace and defense industry is expected to bring more orders and revenue growth space for the company [1]; if the company’s trend of returning to profitability can continue, it is expected to improve profit quality and market confidence [0].
• Risks
  : Overvaluation (PE TTM 231.27x), there is a risk of valuation correction [0]; low ROE, high cash flow pressure, insufficient profit stability [0]; fierce competition in the aerospace manufacturing field, and uncertainty in order stability.

This analysis objectively presents the core drivers (industry prosperity, financial improvement) of Aerosun (300696) entering the strong stock pool, technical and fundamental characteristics (volume and price rising but overbought, high valuation and weak profitability), as well as the risks and opportunities faced by the sustained uptrend. All conclusions are based on public market data, technical indicators and industry reports, and do not constitute any investment advice, only providing objective background support for decision-making.